Home Manufacturer fund Uber co-founder Garrett Camp’s expa invests in drone delivery pioneer Wingcopter

Uber co-founder Garrett Camp’s expa invests in drone delivery pioneer Wingcopter

7
0

Expa – a global network of startup founders supporting entrepreneurs through expertise, access and funding – today announced a strategic investment in Wingcopter. Getting things to where they need to go is not always easy and often can be overwhelmingly urgent. This is where Wingcopter comes in. The leading German company not only develops and manufactures autonomous delivery drones, but also operates drone delivery infrastructure as a service. Whether it’s deploying life-saving supplies, life-saving drugs, packages or spare parts, the sky is Wingcopter’s highway.

Expa’s support to Wingcopter aligns with the company’s mission of supporting technology companies that build the next generation of category champions and solve global challenges through innovation. Expa’s hands-on, partnership-oriented approach has resulted in the growth and development of companies that shape the industry in transportation and logistics, including Beacon, Aero and Convoy.

Wingcopter’s new flagship aircraft, the Wingcopter 198, is a state-of-the-art all-electric delivery drone designed for safe, reliable, fast and two-way deliveries in a wide range of use cases. The company’s patented tilt rotor technology enables vertical take-off and landing (eVTOL), while enabling efficient forward flight over long distances thanks to its fixed-wing design. A key value proposition of Wingcopter is helping its partners increase operational efficiency through pioneering triple-drop technology, using smart and easily replaceable batteries to maximize time in the air, and developing software that will allow a single pilot to fly and monitor up to 10 drones. simultaneously.

“As Uber has revolutionized the way people get from point A to point B, Wingcopter offers the same level of innovation for the transportation of goods, including emergency medicine and medical supplies, medical products, and more. grocery store or freshly prepared food, and even has the power to automate e-commerce. Accelerated by the tailwinds of the global pandemic, we are approaching an inflection point in consumer adoption and industry regulation. Wingcopter is ideally positioned to capitalize on this momentum with its state-of-the-art delivery drone, software and services, ”said Garrett Camp, Founder, Exp.. “Given the team’s track record and impressive technology stack, Wingcopter will have a profound impact on supply chain transformation, logistics and on-demand delivery. “

Wingcopter’s product has already received significant commercial traction and inbound interest from world-renowned companies. As such, the company recently announced a partnership with the United States’ largest airline medical services provider, Air Methods, to build a drone medical delivery network for thousands of hospitals in the United States. . In Japan, Wingcopter is working with ANA Holdings Inc., the parent company of Japan’s largest airline All Nippon Airways. ANA aims to build a drone delivery network to help improve the quality of life in rural areas across the country.

Wingcopter is backed by a wide range of institutional investors such as Xplorer Capital, based in Silicon Valley. Relying on strong market traction, she prepares for her Series B tour. While Expa believes in Wingcopter’s growth phase and its ongoing fundraising, the company usually invests in the early stages. Along with the investment in Wingcopter, Expa continues to develop its portfolio in Europe and actively seeks early stage investment opportunities in transport, logistics, advanced technology, financial technology, health and wellness. to be.

“We couldn’t be more excited to partner with Expa and Garrett, who bring a brilliant network and years of experience building and expanding businesses on a global scale that disrupt entire industries. “, said Tom Plümmer, CEO and co-founder, Wingcopter. “With its hands-on ‘By builders for builders’ approach, Expa actively supports our strategy to create nationwide logistics highways in the sky.”

About Wingcopter

Wingcopter is an award-winning German manufacturer and service provider of eVTOL Unmanned Aircraft Systems (UAS) dedicated to improving and saving the lives of people around the world through significant commercial and humanitarian applications. The startup is focused on optimizing medical supply chains. In the future, Wingcopter will also deliver packages, tools and spare parts, as well as food and groceries. Thanks to its patented tilt rotor mechanism, Wingcopter can take off and land vertically like a multicopter, while flying long distances as efficiently and quickly as a fixed-wing aircraft, even in rainy and windy conditions.

In 2020, Wingcopter was named a Technology Pioneer by the World Economic Forum. Wingcopter’s investors include Xplorer Capital, Futury Regio Growth Fund, Futury Ventures, Hessen Kapital III and Corecam Capital Partners.

About Expa

Expa is the best place for entrepreneurs to start and start new businesses. Launched in 2014 by Uber co-founder Garrett Camp, the partners and team of Expa are dedicated to bringing the best ideas to market. Like the startups she works with, Expa has gone through many iterations, but always with the goal of making a new business idea a reality. Our partners have founded or run some of the biggest and most well-known companies including Uber, Twitter, LinkedIn, Foursquare, StumbleUpon, AddThis, MetroLyrics, Virgin Galactic and Envoy. As builders themselves, they understand the difficulties of start-ups and what it takes to make a startup work. Expa provides access to proven entrepreneurs, capital, offices and a network to start new businesses.